Thumbay Builders Honored for ‘Healthcare Project of the Year’
Construction Innovation Awards 2018
Dubai, Oct 20: Thumbay Builders, one of the largest construction companies in the Northern Emirates operated by the Construction & Renovation Division of Thumbay Group, was honoured with the ‘Healthcare Project of the Year’ award at the third annual Construction Innovation Awards 2018 held at Habtoor Palace, LXR Hotels & Resorts, Dubai on 17th October 2018.
The awards function was organized by Construction Business News, the leading construction magazine published by BNC Publishers.
Mr. Akram Moideen Thumbay, Director-Operations of the Construction & Renovation Division of Thumbay Group, accompanied by Mr. Farwaz P.C., COO of Thumbay Builders, received the ‘Healthcare Project of the Year’ award at the function.
Thumbay Builders was chosen for the award on account of the two recently inaugurated state-of-the-art healthcare facilities at Thumbay Medicity: the Thumbay Physical Therapy and Rehabilitation Hospital (TPTRH) - the biggest and most advanced hospital for physical therapy and rehabilitation and the Thumbay Dental Hospital - the first private dental hospital in the country and the largest academic dental hospital in the Middle East region’s private sector. These hospitals are considered unique in the region due to their cutting-edge technology and facilities.
Mr. Akram Moideen Thumbay said that the award recognizes Thumbay Builders’ reputation as specialized builders of world-class healthcare facilities. “Thumbay Builders has always focused on integrating the latest technology with the efficient use of resources, delivering unmatched customer satisfaction. With our team of expert professionals and latest technology, we have demonstrated the capability and expertise to execute high-end construction projects in healthcare, education, hospitality etc., in the UAE as well as in India,” he said.
Thumbay Builders was founded by Dr. Thumbay Moideen, the Founder President of Thumbay Group. It offers facilities in designing, developing and constructing real estate. Some of the prestigious projects handled by Thumbay Builders in the UAE include the Gulf Medical University, Thumbay Hospital, Thumbay Pharmacy, Body & Soul Health Club & Spa, Blends & Brews Coffee Shoppe, and The Terrace Restaurant. The soon-to-open 500-bed academic hospital – Thumbay University Hospital – the largest private academic hospital in the region coming up at Thumbay Medicity is also being constructed by Thumbay Builders.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Gold, silver soar as US-Iran deal hopes lift bullion demand
New Delhi (PTI): Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,52,500 per 10 grams.
Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.
"Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.
"The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals," Gandhi said.
Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.
"Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.
Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.
